Deprosc Laghubitta Bittiya Sanstha Limited has announced the sale of 63,520 promoter shares owned by its existing shareholder, Bishnu Prasad Neupane.
According to a public notice published on Kartik 19, 2083, Neupane has submitted an application expressing his intention to sell the promoter shares registered in his name.
Following the submission, the company's Board of Directors decided to initiate the sale process at the price specified by the seller, in accordance with the applicable procedures.
Laghubitta has given priority to its existing promoter shareholders to purchase the shares. Interested existing promoter shareholders must submit their applications within 35 days from the date of publication of the notice.
Applicants are required to submit the necessary supporting documents to the company's Corporate Office in Sitapaila, Kathmandu, clearly mentioning the number of shares they wish to purchase and their proposed purchase price.
The company has further stated that if no written applications are received from existing promoter shareholders within the specified 35-day period, the share sale process may be extended to other eligible individuals in accordance with the Bank and Financial Institutions Act, 2073, Nepal Rastra Bank's Unified Directives 2082, and other prevailing regulations.
Published by Deprosc Laghubitta on 2083-7-19
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